This is called force liquidation When there is a large amount of longpositions in the market, this force liquidation happens.
This means deliberately driving the market down to liquidate the longs, creating panic in the market so that most people are afraid to open long positions
15 years ago today, the first real-world transaction was made using Bitcoin.
10,000 $BTC for two Papa John’s pizzas, worth about $40.
Today, $BTC just set a new all time high of $111,863.
Happy pizza day everyone!
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